Surging demand of antibacterial coatings to inhibit microbial growth is driving demand from furniture, healthcare, food processing, and many other end-use industries. Rising usage of antibacterial coating over medical implants owing to biocompatible and non-toxic is further boosting the market growth. Growing awareness regarding hospital-borne infections is generating huge demand for antibacterial coating in the healthcare sector.
The latest report by Value Market Research expects the Global Antibacterial Coating Market to reach USD 5.7 billion by 2022. It was valued USD 13.81 billion in 2030. The report foresees an 11.7% CAGR from 2022 to 2030.
Silver coating dominated the segment
In 2018, silver coating emerged as the leading product segment. Excellent properties of silver to suppress the growth of microbes of varied species are driving its demand. Also, inorganic silver being non-toxic to humans is being widely coated over medical implants, surgical tools, water filtration equipment, glass, food, and pharmaceutical packaging.
Medical led the application segment
On the basis of application, the medical sector dominated the segment in 2018. The rising popularity of antibacterial coatings to improve hospital cleanliness and reduce hospital-borne infections are driving the market demand in healthcare facilities. Increasing usage of antibacterial coatings over surgical devices, medical equipment, trays, gloves, cathedrals, and implants is again boosting the market growth.
North America dominated the regional market
North America has emerged as the leading regional market in 2018. Strict regulation imposed by regulatory authorities of U.S and Canada is fueling the market growth. Growing usage of implantable devices, established healthcare sector and high spending of medical care is pushing the market uphill.
Key players of the market
Major players of the market are Addmaster, Dortrend International Ltd., DOT GmbH, DUNMORE, I.P.R.S. Cladding & Coating Specialists, Just Manufacturing Company, Nano Science and Technology Consortium, Rical Group, Steritouch Ltd. and SunoTech Canada Inc.